Acta Universitatis Danubius. Œconomica, Vol 15, No 3 (2019)

Implementation of the Corporate Governance and Index Value of Manufacturing Companies in Stock Exchanges (Case Study in Indonesia)

Tutik Arniati

Abstract

Previous research related to the implementation of GCG was mostly related to operational performance, for example, ROI and ROE. However, there is no research on GCG implementation that is related to corporate value and earnings quality as moderating objects. Corporate value is a measure of market performance that is very important because high corporate value describes the market value of a company that is more valuable than the company's noted value. Therefore, this study wants to develop GCG implementation that associated with a corporate value, which is practically influenced by stock and asset prices also how the influence of corporate governance implementation on corporate value and earnings quality as moderating variables. Thus, in general, this study aims to determine the practice of corporate governance with the implementation of the CG Index. This study aims to examine the effect of implementing the CG Index on Corporate Value, specifically.

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